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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 1/17/2025 -
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Vanguard Short-Term Bond Index Fund ETF Shares (BSV) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineLane's Stochastic bullish divergenceTrend support at 77.26
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price touches the upper Bollinger BandPrice is close to the 50 Day Moving Average
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It was a first positive week for the Vanguard Short-Term Bond Index Fund ETF Shares (BSV). During the week, the BSV climbed 0.34 points, or 0.44%, and closed at 77.32 on Friday, January 17, 2025. It was the best weekly gain since November 29, 2024. BSV was trading at average weekly trading volume.

Long-term trend: [See BSV long-term trend chart]
A long-term downtrend had started on July 31, 2020 at 83.30 and reached 74.03 on October 21, 2022. BSV lost 9.27 points, or 11.13%, in 116 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (75.34) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See BSV medium-term trend chart]
A medium-term uptrend had started on October 19, 2023 at 74.61 and reached 79.02 on September 27, 2024. BSV gained -4.41 points, or -5.91%, in 49 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (77.26) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See BSV weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since October 11, 2024. Use the following link to access a MACD help.

Short-term trend: [See BSV short-term trend chart]
A short-term downtrend had started on September 27, 2024 at 79.02 and reached 76.93 on January 13, 2025. BSV lost 2.09 points, or 2.64%, in 108 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 76.87 and resistance is at 77.61. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a short-term trend.

Daily Technical Indicators: [See BSV daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price touches the upper Bollinger Band. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.26
Williams' Percentage Range (W%R) 42.50
Lane's Stochastic (%D-Slow) 39.53
Greed/Fear Indicator (GFI) 52.77
Moving Average Converg./Diverg. (MACD) -0.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.45
Williams' Percentage Range (W%R) 79.90
Lane's Stochastic (%D-Slow) 24.83
Bullish
Greed/Fear Indicator (GFI) 29.87
Moving Average Converg./Diverg. (MACD) 0.12 Bullish
Trading Signals
Description Value Chart
Monthly Trendline Resistance 79.57
Weekly Trendline Resistance 77.61
Upper Bollinger Band 77.48
50 Day Moving Average 77.36
Price 77.32
Monthly Trendline Support 77.26
20 Day Moving Average 77.18
Daily Stochastic Crossing 77.15
Weekly Stochastic Crossing 77.11
Lower Bollinger Band 77.00
Parabolic System 76.89
Weekly Trendline Support 76.87
Yearly Trendline Support 75.34
Yearly Trendline Resistance 73.36
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Channel
High 77.78
High Date 11/29/2024
Low 76.93
Low Date 01/13/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 77.61
Support 76.87
High 79.02
High Date 09/27/2024
Low 76.93
Low Date 01/13/2025
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 79.57
Support 77.26
Low 74.61
Low Date 10/19/2023
High 79.02
High Date 09/27/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 74.03
Low Date 10/21/2022
High 79.02
High Date 09/27/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 73.36
Support 75.34
High 83.30
High Date 07/31/2020
Low 74.03
Low Date 10/21/2022
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.